• 7 Ways to Keep Your Estate from Landing in Probate, #224

  • Oct 22 2024
  • Length: 19 mins
  • Podcast

7 Ways to Keep Your Estate from Landing in Probate, #224

Listen for free

View show details

  • Summary

  • In some states, probate is avoidable. However, in many states, you can avoid having your estate go through the probate process. I recently went through the probate process when my grandfather passed away and I helped my father settle his estate. It is far easier for your family to settle your estate once you’re gone if it doesn’t go through probate. So, in this episode, I’ll cover 7 things you can do to keep your estate from landing in probate.

    You will want to hear this episode if you are interested in...
    • [1:57] Settling my grandfather’s estate
    • [4:06] Tip #1: Give things away while you’re alive
    • [5:50] Tip #2: Own your real estate jointly
    • [7:16] Tip #3: Joint ownership for non-real-estate
    • [9:43] Tip #4: Use a “Payable Upon Death” account
    • [11:46] Tip #5: Designate beneficiaries on accounts
    • [13:07] Tip #6: Designate a beneficiary for vehicles
    • [13:52] Tip #7: Create a living trust
    • [16:27] Probate is unavoidable in many states
    Resources Mentioned
    • Retirement Readiness Review
    • Subscribe to the Retire with Ryan YouTube Channel
    • Federal gift tax allowance
    Connect With Morrissey Wealth Management

    www.MorrisseyWealthManagement.com/contact

    Subscribe to Retire With Ryan
    Show More Show Less
Show More Show Less

What listeners say about 7 Ways to Keep Your Estate from Landing in Probate, #224

Average Customer Ratings

Reviews - Please select the tabs below to change the source of reviews.

Audible.com.au reviews

Amazon Reviews
No Reviews are Available
In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.